Liability of fbt

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..... Tea, coffee and other refreshment at the time of duty porvide to the employee by employer is liable to Frienge Benefit Tax - Reply By ASHOK - The Reply = CBDT issued a circular clarifiying several is .....

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..... sues vide FAQ on 30 August 2005 vide Circular No.8/2005 dated 29 August 2005 on FBT, Amongst the issues clarified is issue on cost of food or beverage provided inside office and outside office.The Cir .....

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..... cular also clarifies that if the employer reimburses the cost of food or beverages, on account of late sitting, that would be covered within FBT. However, if the employer directly procures the food th .....

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..... ere is no liability for FBT. Thus you will observce that refreshments and food provided inside office has non FBT value whereas if the refreshments are taken outside and reimbursed by the employer, it .....

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..... has FBT value. Quite starnge way of interpreting!! - Liability of fbt - Query Started By: - ATUL Dated:- 31-10-2008 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, re .....

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..... ply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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